Sold
Last Sold Price
8 beds4 baths5,076 sqft
3015 Virginia Rd, Los Angeles, CA 90016
Multi FamilyProperty Type
0.14 acresLot Size
1930Year Built
$240/sq ftPrice per sq ft
4 carsParking Spaces

Description

Huge, classic 4plex in up-and-coming West Adams, walking distance to Expo Line. All huge 2 bedroom units (approx. 1200 sq ft each), with w/d hookups and garage parking. Building is in better than usual condition for 1920s 4plexes, due to partial rehab around 2011.2 units VACANT at closing (am forecasting $2400 / month)... move new tenants right in, or renovate for market-leading rents. True value-add opportunity... check market rents in the area for 2 beds and 3 beds... they're crazy high, because...Huge, classic 4plex in up-and-coming West Adams, walking distance to Expo Line. All huge 2 bedroom units (approx. 1200 sq ft each), with w/d hookups and garage parking. Building is in better than usual condition for 1920s 4plexes, due to partial rehab around 2011.2 units VACANT at closing (am forecasting $2400 / month)... move new tenants right in, or renovate for market-leading rents. True value-add opportunity... check market rents in the area for 2 beds and 3 beds... they're crazy high, because the neighborhood is a short drive to job centers in Culver City, Century City, Beverly Hills (to the west), Hollywood (to the north) and DTLA (to the east). Note: All numbers in listing are approximate. Buyer / Buyer's broker to rely on own investigations. Listing broker is Manager of LLC which owns the property.
  • Listed by: Moses Kagan DRE #01864027 Brokerage DRE #01864027 • Adaptive Realty, Inc.
Listing closed: 10/31/2018 12:00 AM • Source: CLAW, MLS#: 18-380242

See It First™ on Compass

Find homes before they're listed on other real estate sites.

Start your search

Location

Listing Courtesy of Adaptive Realty, Inc., Moses Kagan, DRE #01864027

Sold By Adaptive Realty, Inc., Moses Kagan, DRE #01864027

Add your commute

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$7,922 per month

30 year fixed, 7.03% Interest

Principal and Interest

$6,497

Property Taxes

$1,425

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 3015 Virginia Road

Property Details
  • MLS Type: Residential Income
  • Zoning: LARD2
  • Parcel Number: 5050027043
  • Total Units: 4.0
  • Living Area: 5076
  • Source Living Area: Vendor Enhanced
  • Area: Mid Los Angeles (C16)
  • Vacancy Rate: 50
  • Lot Size Area: 6156
  • Source Lot Size Area: Vendor Enhanced
  • Assessor Parcel Number: 5050-027-043
  • Directions: Use Google Maps
Building Information
  • Stories: 2
  • Year Built: 1930
  • Lot Size: 0.14 AC / 6,156 SF
Community / Development
Community / Development
  • Number Of Units: 4
Structure Info
Structure Info
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Unfurnished
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $87,264
  • Net Operating Income: $62,264.00
  • Gross Income: $87,264
  • Gross Rent Multiplier: $13.80
  • Total Annual Expense: 25000
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 6156
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Garage - 4+ Car
  • Total Parking: 4
Interior Features
Interior Features
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Wall Gas
  • Equipment: Other
  • Laundry: See Remarks
Exterior Features
Exterior Features
  • Pool: No
  • Tennis: No
Lease Terms
Lease Terms
  • Entry Date: 08-28-2018
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,818.00
  • Unit Actual Rent: $87,264.00
  • Unit Projected Rent: $87,264.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $155,943.00
  • Assessed Land Value: $66,740.00

Property History for 3015 Virginia Road

DateEvent & SourcePriceAppreciation
Oct 31, 2018

Sold

CRMLS #18380242

$1,217,000—
Oct 31, 2018

Sold

CLAW #18-380242

$1,217,000—
Oct 29, 2018

Sold (Public Record)

Public Record #633537019

$1,217,000

+27.1% / yr

DateEvent & SourcePrice
10/31/2018

Sold

CRMLS #18380242

$1,217,000
10/31/2018

Sold

CLAW #18-380242

$1,217,000
10/29/2018

Sold (Public Record)

Public Record #633537019

$1,217,000

+27.1% / yr

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 3015 Virginia Road

Taxable ValueLand$1,137,827Additions$265,489Total$1,403,316
Tax Record2025$17,094 ($1,425 / month)
Home Facts
Baths6Total Finished SqFt5,076 SqFtAbove Grade Finished SqFt5,076 SqFtLot Size6,156 SqFtStyleQuadraplexYear Built1930Year Renovated1930ZoningLARD2CountyLOS ANGELESAPN5050-027-043

Schools near 3015 Virginia Road

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Virginia Road Elementary School
PublicK to 5

Johnnie Cochran, Jr., Middle School
Public6 to 8

Susan Miller Dorsey Senior High School
Public9 to 12

ISANA Nascent Academy
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Adaptive Realty, Inc., Moses Kagan, DRE #01864027

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.